Fed slashes key rate to stir lenders
Fed slashes key rate to stir lenders
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The surprisingly deep cut is aimed at keeping the housing slump and credit crunch from triggering a recession. -- The Federal Reserve slashed its key interest rate Tuesday, moving to deliver shock therapy to financial markets nervous about sub-prime mortgages and a stubborn credit crisis. |
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News entry number 2442 added on Sep 19, 2007 in the Business News category.
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